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Proposal Details

Proposal ID939
ProposalEstablish a Standing Committee Banking and Monetary Reform Committee BMRC
PresenterGreen Party of Michigan, Green Party of Texas, Green Party of Tennessee
Floor ManagerAndrea Merida
Discussion11/12/2018 - 11/25/2018
Voting11/26/2018 - 12/02/2018
Presens Quorum34 0.6666
Consens Quorum90 0.6666 of Yes and No Votes


An understanding of our national monetary and banking systems, as well as the monetary history that gave rise to our present institutions, is critical for representatives and voters in a democracy. The present debt-based monetary system is the major contributor to adverse economic conditions, the increasing wealth disparity, and systemic paralysis in responding to climate change. However, this debt-based monetary system is rarely, if ever, included in the curriculum of high schools and undergraduate studies at colleges and universities.

Along with removing spending from the defense budget, our party platform plank called ‘Greening the Dollar’ answers the question "How are we going to pay for the Green New Deal?" ‘Greening the Dollar’ includes monetary changes proposed by more than 200 reputable economists in response to the Great Depression of the 1930’s. It proposes a monetary system that is based on historical experience to support a far more equitable and sustainable society than we have now. This monetary transformation will enable all citizens to have access to food, shelter, healthcare, and education, without our governments and people being ensnared by debt.



Approve the following Mission Statement in order to establish a new GPUS standing committee: Banking and Monetary Reform Committee (BMRC);

  The Banking and Monetary Reform Committee will provide educational materials to Green Party members and Green Party candidates, draft Green Party position statements and press releases with respect to pending or new legislation or events affecting banking and monetary systems, propose platform amendments when deemed necessary to support Green monetary policy, endorse organizations that advocate banking and monetary reform that agree with the Green Party policy and values, and promote actions advocating banking and monetary reform.


IMPLEMENTATION: Inform state parties of the creation of the new committee, and request that they recruit and approve members to serve on the committee. Temporary officers (members who have drafted and promoted this proposal) may conduct meetings until the election of officers. Further administrative matters required by the bylaws will be completed when the required number of states are represented on the committee. We expect that this will take three or four months to finalize the active committee.

CONTACTS: GPMI: Rita Jacobs, NC alternate delegate, 517 694-8109,; GPTX: Kevin McCormick, NC alternate delegate, 430 558-9714,; GPTN: Howard Switzer, Co-chair, 931 589 6513 ;

3.Stephen Zarlenga and Robert Poteat , "The Nature of Money in Modern Economy — Implications and Consequences"
4.Asad Zaman, "The Battle for the Control of Money"
5.Explaining money creation by commercial banks: Five analogies for public education by Ib Ravn

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